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    Two-Family Duplex with Two-Car Garage Title is generated by Realmo AI

    380 Harlem Avenue, Bridgeport, CT 06606

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    For Sale
    $559,900

    MULTI_FAMILY - Bridgeport, CT

    Property size:
    2,426 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $230/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 380 Harlem Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RC
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Basement, Bedroom 4
    Parking
    8
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    2,426 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8014

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1919
    Architectural style
    Other

    We can help!

    Listing Contact
    Wally Namane

    Listing agent Wally Namane

    Listing office Keller Williams Realty Prtnrs. 35 Nutmeg Drive, Suite 205, Trumbull, CT

    Listing date Jun 4, 2026

    MLS# 24168466 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family home (built 1919) on an oversized, level lot in Bridgeport’s North End
    • Both units are 2 bed, 1 bath; first‑floor unit features hardwood floors and an eat‑in kitchen
    • Upstairs unit includes a rear porch with potential for a 3‑season sunroom
    • Public water and public sewer; heating is hot water and cooling is wall unit(s)
    • Brand new roof scheduled for May 2026
    • Oversized 2‑car garage with unfinished loft above is rented; basement provides additional storage

    Overview

    This two-family duplex features two separate 2-bedroom, 1-bath units with gas utilities. The first-floor unit is the larger layout and includes hardwood floors, spacious bedrooms, and an eat-in kitchen. The upstairs unit offers a rear porch that could be reimagined as a three-season sunroom. A basement is available for storage. The property also includes an oversized two-car garage with an unfinished loft above, which is currently rented, creating an additional income stream. A brand-new roof is scheduled for May 2026.

    Located at 380 Harlem Avenue in Bridgeport, on an oversized, level lot, the home is served by a long driveway intended to accommodate several cars. The zoning is listed as RC.

    For buyers seeking a residential income property, this configuration offers two complete living units plus a garage-loft option that is already rented. Prospective investors or owner-occupants can evaluate finishing the loft or expanding the use of the garage structure, subject to applicable City requirements and approvals. The overall setup lends itself to tenants looking for 2-bedroom homes with separate unit living, while retaining flexibility for future improvements based on buyer due diligence.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $48.0k $19.80
    − Vacancy −$3.1k −$1.29
    EGI $44.9k $18.51
    − OpEx −$13.5k −$5.55
    NOI $31.4k $12.96
    2,426 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $449.1K
    $393.0K – $524.0K (±1% cap)
    NOI $31,439 @ 7.0% cap · market cap 5.62%
    Second Best
    Apartment 5plus
    $407.7K
    $356.7K – $475.6K (±1% cap)
    NOI $28,537 @ 7.0% cap · market cap 5.10%
    Theoretical Best
    Office A
    $692.4K
    $605.9K – $807.8K (±1% cap)
    NOI $48,470 @ 7.0% cap · market cap 8.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.212286
    Latitude
    41.200555

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    FAQs

    What type of property is this?
    Duplex - Two-unit 2 bed/1 bath duplex on a level lot with a long driveway, gas utilities, and a new roof scheduled for May 2026.
    Where is this duplex located?
    The property is located at 380 Harlem Avenue Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $559,900.
    What are key features of this property?
    This property features: Two‑family home (built 1919) on an oversized, level lot in Bridgeport’s North End; Both units are 2 bed, 1 bath; first‑floor unit features hardwood floors and an eat‑in kitchen; Upstairs unit includes a rear porch with potential for a 3‑season sunroom
    (203) 459-4663
    We can help!
    Listing Contact
    Wally Namane
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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